Recently, the continuous depreciation of the RMB has created a stark contrast with the strong recovery of the U.S. economy and the continuous appreciation of the U.S. dollar, leading many Chinese citizens to consider reallocating their RMB assets into U.S. dollar assets. As a premium choice for U.S. dollar asset allocation, U.S. EB-5 investment immigration is facing the crisis of a potential price hike due to the September 30th policy changes. Under this dual crisis, domestic investors are rushing to purchase high-quality EB-5 projects to catch the last train before the September 30th policy changes. The Pennsylvania Turnpike project, a pure government project jointly invested by the U.S. federal and state governments, has become a truly reliable and high-quality project in the EB-5 market that beats the September 30th policy changes, thanks to its numerous concentrated advantages that are well-documented and evidence-based.
Investment Security: Jointly Invested by Federal and State Governments
The Pennsylvania Turnpike project is jointly invested by the U.S. federal and state governments, exclusively owned by the Commonwealth of Pennsylvania, and the Pennsylvania Turnpike Commission bears full responsibility for borrowing and repayment, backed by its A+ credit rating and total revenue. Due to its significant national interest, the project has also received strong support from U.S. political circles!
Letter of support from U.S. political circles
The A+ credit rating of the Pennsylvania Turnpike Commission can be publicly viewed and verified on the official website of Moody's, one of the three major international authoritative rating agencies. Its A+ credit rating is equivalent to the sovereign rating of the Japanese government and is higher than the credit ratings of all state-owned banks in China. In other words, EB-5 investors lending money to the Pennsylvania Turnpike Commission face lower risks and have more security than depositing money in any of China's state-owned banks.
Comparison of credit rating results from the three major international rating agencies
Green Card Security: USCIS Approval + Ultra-High Employment Rate
The Pennsylvania Turnpike project has already received I-924 exemplar approval for the actual project, thus it is protected by the "grandfather clause" and will not be affected by the September 30th policy changes. This significantly reduces the risk of I-526 approval for investors and will greatly shorten the approval time, providing strong security for investors' two-year conditional green cards.
The project approval letter not only approved the project but also recognized 5,368 jobs
In addition, the project's ultra-high employment rate of 3.368 times has been approved and recognized by the U.S. Citizenship and Immigration Services (USCIS). Since construction began in 2012, the project has already created sufficient jobs waiting to be allocated to investors. As construction continues, new jobs will continue to increase, providing sufficient employment security for the project's investors to remove conditions on their I-829 (i.e., obtaining a permanent green card).
Repayment Security: A+ Government Credit Rating + Sufficient and Stable Cash Flow
The project bears full repayment responsibility through the A+ government credit rating and revenue of the Pennsylvania Turnpike Commission. Its A+ repayment and default risk is far lower than the risk of all Chinese state-owned banks (A rating). Furthermore, in the 78-year history of the Pennsylvania Turnpike Commission, there have been zero repayment defaults.
A+ credit rating of the Pennsylvania Turnpike Commission verified on the official Moody's website
In addition, the Pennsylvania Turnpike is the second-largest toll road management system in the United States by toll revenue. Because it is a government-monopolized operation, and Pennsylvania Act 44 grants the Pennsylvania Turnpike Commission powerful authority for independent pricing and toll collection, the Pennsylvania Turnpike project is not subject to market competition and possesses strong, stable cash flow and revenue stability.
Low Risk and Stable Returns: Attracting Global Giants to Compete for Investment
The Pennsylvania Turnpike Commission is the largest and most active government bond issuer in Pennsylvania. Its senior revenue bonds are rated A1/A+/A+ by the three major rating agencies. Its bonds are sought after by top global investment institutions, insurance companies, public mutual funds, pension funds, and global "giants" such as Warren Buffett. Like EB-5 investors, they bear A+ level investment risks, and according to state law, EB-5 investors, like these bondholders, have strong repayment guarantees.
Three top public mutual funds hold Pennsylvania Turnpike Commission bonds
Five of the top 10 bonds held by The Vanguard Group are Pennsylvania Turnpike Commission bonds
In summary, the Pennsylvania Turnpike pure government project has many advantages, including A+ state government borrowing and repayment, an ultra-high employment rate of 3.368 times, I-924 actual project exemplar approval, high credibility, sound regulation, low investment risk, guaranteed repayment, and a perfect EB-5 capital supervision mechanism. It has become a reliable and high-quality project on the market to cope with the September 30th policy price hike. After being snapped up by investors several times, there are now very few spots left.
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